The Financial institution Administrators Affiliation of Nigeria has referred to as for collaboration between lawmakers, regulatory authorities and the banking sector operators within the formulation and evaluate of banking insurance policies.
Based on an announcement from the affiliation, the decision was made when the Chairman of the Board of Administrators, Mr Mustafa Chike-Obi, led a delegation to the Chairman of the Senate Committee on Banking, Insurance coverage, and Different Monetary Establishments, Senator Mukhail Adetokunbo Abiru.
BDAN, within the assertion signed by its Chief Govt, Adebukola Orenuga, famous that it recognised the pivotal position of regulatory our bodies and legislative establishments in shaping the banking panorama.
It said that its advocacy efforts aimed to make sure a conducive authorized framework and regulatory atmosphere that promotes innovation, stability, and progress inside the sector.
The assertion partly learn, “Throughout the advocacy go to, discussions revolved round coverage evaluate and the significance of collaboration between the banking trade, the legislature and regulatory our bodies, thereby, emphasising the necessity for dialogue, transparency, and mutual understanding to handle rising challenges and alternatives.
“Senator Mukhail Adetokunbo Abiru and different members of the committee welcomed BDAN’s initiative to interact with the Senate committee, acknowledging the importance of constructive dialogue between policymakers and trade stakeholders.
“As BDAN continues its advocacy efforts, the affiliation reaffirms its dedication to working carefully with regulatory our bodies, legislative establishments, and all stakeholders within the Banking trade to advertise a sturdy and resilient monetary ecosystem that serves the very best pursuits of all Nigerians.”
